TWELVE RAISES $130 MILLION TO DEPLOY THE WORLD’S FIRST CARBON TRANSFORMATION PLATFORM
Carbon transformation company Twelve raised $130 Million in a Series B round to deploy the world’s first industrial-scale carbon transformation platform, link here. The Company develops technology that converts captured CO2 into products historically made from fossil fuels, and is transforming emissions into products for companies and government agencies like Mercedes-Benz, Procter & Gamble, Shopify, NASA, and the U.S. Air Force. Recently, Twelve and Alaska Airlines announced they plan to collaborate with Microsoft to advance sustainable aviation fuel derived from recaptured CO2 and renewable energy, more here.

FLY.IO CLOSES $37 MILLION SERIES A & SERIES B FUNDING ROUND
Fly.io wants to change the way companies deploy applications at the edge. The best way to think about Fly.io is a new kind of public application delivery cloud that delivers applications all over the world wherever the end user happens to be. Founded in 2017, the Company today has several hundred thousand apps deployed and a worldwide network of servers, from the U.S. to Southeastern Asia. The types of users using Fly.io today are small teams of developers running a full-stack app in a database. Clients can host their applications on servers with low latency speed and affordable prices. Most recently, Fly.io announced a $25 Million Series B financing, and also publicly revealed a $12 Million Series A, more here.

LEDGER INVESTING RAISES $75 MILLION IN SERIES B FUNDING TO DEMOCRATIZE INSURANCE RISK CAPITAL
Ledger Investing has built a promising marketplace connecting insurance risk with capital. The Company has successfully expanded insurance-linked security (ILS) into the U.S. casualty market by providing data transparency, simplified reinsurance structures, and uncorrelated returns for institutional investors. Both managing general agents (MGA) and insurance carriers have leveraged the marketplace for multi-year underwriting capacity and access to alternative capital, unlocking incremental value. Ledger Investing has placed over $400 million in premium into the capital markets and is on track to exceed $1 billion by the end of the year. The Company will use the Series B funds to accelerate revenue growth across its ILS brokerage and asset management businesses, as well launch data infrastructure products, and also hire more than 200 employees. Ledger Investing recently announced it raised $75 Million in Series B financing, more here.

ATIA VISION CLOSES ON $42 MILLION IN SERIES E FINANCING
Nearly 67 million people worldwide are visually impaired due to cataracts, which can lead to blindness if untreated. Atia Vision’s modular intraocular lens technology aims to address the limitations of current solutions and is committed to improving patient outcomes through the development of a modular presbyopia-correcting intraocular lens (IOL). Implanted using conventional cataract techniques, the innovation features a shape-changing, fluid-filled base and is designed to have an exchangeable fixed power front optic, allowing physicians to select the appropriate lens to meet each patient’s target refraction. The dual lens system is responsive to the natural accommodative mechanism and aims to provide dynamic power response for clear vision from far to near. Last month, Atia Vision announced the first close of a $42 Million Series E financing, see more here.

PARADE SECURES $12.7 Million TO ACCELERATE EXPANSION
Below the surface of the freight industry lies a fragmented relationship between shippers, brokers, and carriers that makes the very movement of goods throughout the United States incredibly complex. Parade.ai is the leader in software for freight brokers, offering truckload capacity management that drives carrier access and digital transformation. Brokers and 3PLs (third-party logistics) grow profits by booking more loads, increasing operational efficiencies, and boosting productivity. Transactions on Parade’s platform are growing 3.8x year-over-year and Parade customers are automating upward of 30% of their bookings, which is transformative for brokerages running at modest margins, more here.

• Parade adds Truckbase and its network of 5,000 long-haul trucks and expands coverage for freight brokers, more here.
• ARL Transport (ARL) is one of the largest intermodal drayage companies in the U.S. and Canada.  While using Parade, ARL has realized gains of upwards of 8.47% in gross margin on digital freight, more here.

EXO ACQUIRES MEDO AI TO MAKE MEDICAL IMAGING EASY
By integrating Medo’s AI, Exo enables more caregivers in more settings to capture and interpret medical images – allowing faster and more accurate diagnoses and treatment. Medo’s unique ultrasound AI technology radically lowers the expertise required to diagnose common and critical conditions through automated image acquisition and interpretation, allowing non-experts to conduct high-quality exams quickly and accurately. More here.